The governor stated that LSU’s main campus would run out of money by April 30.

CBS Sports reports.

Louisiana governor: College football in jeopardy in midst of budget crisis

Louisiana is in the midst of a budget crisis that has the state projected to run its deficit from $940 million as it stands currently, to $2 billion in the coming fiscal year, beginning on July 1.

Governor John Bel Edwards spoke on the budget crisis on Thursday night and noted that the state university system is among the programs that is running out of money rapidly. Governor Edwards stated that the state’s higher education system will need to cut $42 million off its budget by the end of the fiscal year.

“Even with additional revenue, higher education this year will need to cut $42 million,” said Edwards. “This will be combined with a $28 million cut in TOPS scholarship funds
that the universities will have to absorb, resulting in the largest mid-year cut in Louisiana history. However, if there is no new revenue raised this year, higher education will face catastrophic cuts over the next 4 months. And that comes on the heels of the largest disinvestment in higher education in the nation over the last eight years.”